European Shares to Edge Higher; Inflation Eyed

CNBC.com

Friday, 20 May 2011 | 1:30 AM ETCNBC.com

SHARES

European stocks were indicated to open slightly higher after Thursday's rise, with the euro easing against the dollar but holding on to some of the gains made on the back of weaker than expected US data.

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Former International Monetary Fund head Dominique Strauss-Kahn is expected to walk out of jail Friday, after he was granted bail by a New York judge.

Strauss-Kahn was indicted of a criminal sexual act, attempted rape, sexual abuse, unlawful imprisonment and forcible touching, allegations which he has denied.

On the economic front, producer price inflation data is due to be released in Germany at 7 am London time, when the Ministry of Finance releases its monthly report.

At 9 am London time, the euro zone's balance of payments data will come out and at 11 am Germany's central bank releases its monthly bulletin.